Hra and home loan
This query is : Resolved
30 July 2011
Dear Sir
if I have Receipts income from Salary (Receipts 292000). And I received HRA Rs. 33600.
I living at Ahmedabad and paid rent and I have a house at Indore there living my family. A have a loan on My indore house and paid Principal Rs 27500 and Interest Rs 50500.
Is HRA is exempted U/S 10?
And Pl tell me what treatment do in IT return for AY 11-12.
Thanks
if I have Receipts income from Salary (Receipts 292000). And I received HRA Rs. 33600.
I living at Ahmedabad and paid rent and I have a house at Indore there living my family. A have a loan on My indore house and paid Principal Rs 27500 and Interest Rs 50500.
Is HRA is exempted U/S 10?
And Pl tell me what treatment do in IT return for AY 11-12.
Thanks
CA Navin Jain
(Expert)
30 July 2011
you can claim the both hra, and house loan.
HRA u/s 10(13)
interest u/s (24b)
principal u/s (80c)
HRA u/s 10(13)
interest u/s (24b)
principal u/s (80c)
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